South Korea’s for­eign re­serves in­crease

China Daily (Canada) - - BUSINESS -

SouthKorea’s for­eign re­serves rose for two straight months on the back of strong value of non-dol­lar as­sets such as the Bri­tish pound and the Ja­panese yen, cen­tral bank data showed onWed­nes­day. For­eign cur­rency re­serves came in at $372.48 bil­lion as of end-April, up $2.64 bil­lion from a month ear­lier, ac­cord­ing to the Bank of Korea. It was the sec­ond con­sec­u­tive growth in for­eign re­serves af­ter fall­ing for four months through Fe­bru­ary. The BOK at­trib­uted

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